The Mortgage Link Rates, Fees & Info
ROCKVILLE, MDLEI: 549300IJO7NO6VDZPD35
Tax ID: 52-2350821
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Mortgage Data
Review & Overview
The Mortgage Link is a smaller mortgage company specializing in Refi and Home Purchase loans. The Mortgage Link has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Washington, Baltimore, Salisbury, Hagerstown, and Virginia Beach among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)The Mortgage Link has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Mortgage Link is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.77% | 11/21/24 |
| 30 Year Conventional Refi | 6.62% | 11/21/24 |
| 30 Year Cash-out Refi | 6.76% | 11/21/24 |
| 30 Year FHA Purchase | 7.35% | 11/21/24 |
| 30 Year FHA Refi | 6.81% | 11/21/24 |
| 30 Year VA Purchase | 6.24% | 11/21/24 |
| 30 Year VA Refi | 6.05% | 11/21/24 |
| 30 Year USDA Purchase | 6.98% | 11/21/24 |
| 15 Year Conventional Purchase | 6.05% | 11/21/24 |
| 15 Year Conventional Refi | 6.37% | 11/21/24 |
| 15 Year Cash-out Refi | 6.37% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Mortgage Link Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
857Origination Dollar Volume (All Markets)
$307,515,000Awards
THE MORTGAGE LINK - 2021
THE MORTGAGE LINK is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 653 | $245,635,000 | $376,164 | $4,519 | 2.97% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 115 | $36,535,000 | $317,696 | $4,082 | 2.94% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 23 | $7,515,000 | $326,739 | $4,651 | 3.01% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 16 | $3,570,000 | $223,125 | $4,163 | 3.12% |
| Outside of Metro Areas | 8 | $1,950,000 | $243,750 | $5,191 | 2.97% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,730,000 | $288,333 | $3,708 | 2.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $4,635 | 2.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $4,531 | 3.08% |
| Key West, FL (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $3,940 | 2.71% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $4,657 | 3.00% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $3,185 | 2.34% |
| Easton, MD (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $3,525 | 3.06% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,093 | 3.12% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,506 | 2.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,332 | 3.49% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,345 | 2.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,045 | 3.81% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,152 | 2.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,430 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,702 | 3.13% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,047 | 3.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,513 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,885 | 2.75% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,211 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,704 | 3.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against THE MORTGAGE LINK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 810 | $290,710,000 | $358,901 | $4,126 | 2.97% |
| FHA | 46 | $15,810,000 | $343,696 | $9,962 | 2.89% |
| VA | 1 | $995,000 | $995,000 | $9,970 | 2.63% |
For 2021, The Mortgage Link's most frequently originated type of loan was Conventional, with 810 originations. Their 2nd most popular type was FHA, with 46 originations.
Loan Reason
For 2021, The Mortgage Link's most frequently cited loan purpose was Refi, with 430 originations. The 2nd most popular reason was Home Purchase, with 263 originations.
Loan Duration/Length
For 2021, The Mortgage Link's most frequently cited loan duration was 30 Year, with 703 originations. The 2nd most popular length was 15 Year, with 90 originations.
Origination Fees/Closing Costs
The Mortgage Link's average total fees were $4,671, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 672 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 441 | $159,795,000 | $362,347 |
| 3-4% | 317 | $112,975,000 | $356,388 |
| <2.5% | 97 | $34,255,000 | $353,144 |
| 4-5% | 2 | $490,000 | $245,000 |
During 2021, The Mortgage Link's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 441 originations.
Loan Sizing
2021 saw The Mortgage Link place emphasis on $200k-400k loans with 513 originations, totaling $155,485,000 in origination value.
Applicant Income
The Mortgage Link lent most frequently to those with incomes in the $100k-150k range, with 220 originations. The second most popular income band? $150k-250k, with 214 originations.
Applicant Debt to Income Ratio
The Mortgage Link lent most frequently to those with DTI ratios of 20-30%, with 224 originations. The next most common DTI ratio? 30-36%, with 160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.12%
The Mortgage Link has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.85%
The Mortgage Link has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 857 | $307,515,000 | $358,827 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| THE MORTGAGE EXPERTS LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |